Tanzania fares relatively well in domestic and foreign market access. The country is mostly an import-oriented economy with imports of goods amounting to approximately 8.92 billion USD in the year ending August 2021.
Tanzania has been a member of World Trade Organization (WTO) since 1995. According to WTO, Tanzania participates in several regional trade agreements, including the East African Community (EAC); the South African Development Community (SADC); and the EAC-COMESASADC Tripartite framework. Tanzania is a beneficiary of nonreciprocal unilateral trade preferences, such as Everything But Arms (EBA) by the European Union, the African Growth and Opportunity Act (AGOA) of the United States, Generalized System of Preferences (GSP) schemes om several countries, and duty-free quota-free market access for LDCs from a number of countries. All these arrangements provide Tanzania with varying levels of improved market access opportunities into the respective markets. In March 2018, Tanzania signed the Kigali Declaration for the launch of the African Continental Free Trade Agreement (AfCFTA).